Siegel on the Fed's Purchase of Mortgages, Treasuries

Wharton Professor Jeremy Siegel focused his weekly commentary on last week's announcement by the FOMC to purchase up to $750 billion in additional mortgages and up to $300 billion in long-term Treasuries.  Following the announcement, the ten-year government bond had its largest rally since 1987, commodities moved higher, and the U.S. dollar fell.  Please click here for his one-page commentary.